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9 Apr 2025

China to convene a high-level meeting in response to US tariffs

Citing people with knowledge of the matter, Reuters reported on Wednesday that senior officials from China’s State Council, several government and regulatory bodies plan to hold a meeting as early as Wednesday in response to US President Donald Trump’s 104% tariffs on Chinese goods.

The policymakers were set to discuss measures to boost domestic consumption and support capital markets, according to sources.

One of the sources added that initiatives such as export tax rebates were also likely to be discussed.

Apr 9, 2025

BoJ’s Ueda: Will continue to raise rates if economy keeps improving in line with outlook

Ahead of his meeting with the Japanese Financial Services Agency (FSA) and Ministry of Finance (MoF) on Wednesday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the central bank “will continue to raise rates if the economy keeps improving in line with the outlook.”
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Apr 9, 2025

USD/CHF tumbles below 0.8450 amid risk-off mood, eyes on FOMC Minutes

The USD/CHF pair extends its downside to near 0.8435 during the early European session. The Swiss Franc (CHF) edges higher against the US Dollar (USD) as traders seek refuge from the intensifying market turmoil caused by US President Donald Trump’s sweeping tariffs and fears of a global recession.
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